Gauzy Ltd. announced the launch of its initial public offering of 4,166,667 of its ordinary shares and the commencement of the roadshow for the initial public offering. The price range for the initial public offering is expected to be between $17 and $19 per share. The company expects to grant to the underwriters a 30-day option to purchase up to an additional 625,000 of ordinary shares from Gauzy at the public offering price. Gauzy has applied to list on the Nasdaq Global Market under the symbol “GAUZ”.
The company intends to use the net proceeds it receives from the proposed offering for the purchase of equipment and materials for the expansion of our production lines, research and development, advertising and marketing, technology development, working capital, operating expenses, and other general corporate purposes, which may include paying amounts due under certain agreements.
